Currency Note Archive

Stay informed. Stay in control.

Currency rates fluctuate by the second and can change by up to 10% in the space of a year. On a typical overseas money transfer, that's the difference between completing on budget and needing pay thousands more. Our daily notes keep you informed on every move in GBP, EUR and USD, so you can make confident decisions about when to lock in your rate.

1 Aug 2023 by Charles Purdy

Markets seek signs of Bank of England direction

It was a mildly frantic end to the month for sterling against the euro, with the markets eyeing Thursday’s interest rate decision from the Bank of England. The day ended with sterling slightly higher against the euro but…

USD 31 Jul 2023 by Julian Benson

USD: Manufacturing sector forecast to expand

Tomorrow, the ISM manufacturing PMI figures for the US are forecast to rise from 46 in June to 48 in July. This would follow a contraction in June as outputs remained softer in Q2.

EUR 31 Jul 2023 by Julian Benson

EUR: German retail sales fall

Retail sales in Germany unexpectedly fell 0.8% in June, considerably less than market expectations of 0.2% growth. This was the first decline since March.

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GBP 31 Jul 2023 by Julian Benson

GBP: Economists await BoE announcement

The pound soared to fresh 2023 highs against the euro and dollar in mid-July before stalling, but the Bank of England’s Thursday interest rate decision could revitalize said rally should a smaller rate hike please investors.

31 Jul 2023 by Julian Benson

Steady pound ahead of BoE interest rate decision

After an exciting week of two interest rate hikes from the European Central Bank and the Federal Reserve, the pound starts this week 6% up on the euro. It remains largely unchanged against the US dollar ahead of…

31 Jul 2023 by Charles Purdy

Sterling’s rise risks being upended by BoE decision

Sterling has started the week nervously, but remains about 0.75% stronger than last Monday against the euro. As we reach the last day of the month it also ends July up on the euro and 1.75% better against…

USD 28 Jul 2023 by Charles Purdy

USD: American GDP and durable goods orders impress

The US dollar surged upwards yesterday following excellent economic data. In one day it gained around 1.5% against the pound and euro and almost double that against the Australian dollar.

EUR 28 Jul 2023 by Charles Purdy

EUR: Lagarde’s equivocation sinks euro

The single currency lost out against most major currencies yesterday following “marginally doveish” comments from the ECB president Christine Lagarde yesterday, even after they raised interest rates to their highest level in Europe for 22 years.

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